Buchanan has extensive knowledge on oil sands projects along with several decades of experience in all phases of oil and gas exploration and development.
He has over 30 years oil and gas field experience specializing in reservoir description, hydrocarbon prospecting, completions and production. Most recently he was the Geoscience Advisor for Imperial Oil conducting geotechnical and reservoir engineering studies of mature to conceptual plays for prospect generation, assessment, development and productivity enhancement. His early training and experience with a major wire line service company has fostered a keen interest in exploiting oil field data to unlock commercial hydrocarbons.
He is a member of the Association of Professional Engineers, Geologists, and Geophysicists of Alberta (APEGGA), the Canadian Society of Petroleum Geologists (CSPG) and the Canadian Well Logging Society (CWLS). Buchanan is a 1974 graduate of the University of Alberta.
He will be playing a key role with respect to the acquisition, exploration and development of the Company's oil sands interests in Alberta and will assist in setting development priorities for the Company's oil sands resources on its Alberta holdings.
Patch recognizes that strength and experience in management are critical as it enters a new phase of growth in realizing its strategic objectives. Key strategies that the Board continues to advance are to move ahead with its acquisition, exploration and development in the Alberta oil sands. The Company is therefore thrilled with the appointment of Buchanan who comes to Patch as a proven successful senior oil and gas executive.
"Terry Buchanan is a highly regarded senior oil and gas executive with particular strengths and experience that will be excellent complements to Patch's leadership team. His extensive background in Alberta's oil and gas businesses, Patch's core growth market, and his familiarity with the Company's oil sands assets and the Alberta oil sands region will add valuable insights as we advance and build our corporate oil and gas assets," said the Company's President Michael Vandale.
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